Final answer:
The most appropriate generic software process model for managing the development of a university accounting system that replaces an existing system is the Spiral Model.
Step-by-step explanation:
The most appropriate generic software process model for managing the development of a university accounting system that replaces an existing system is the Spiral Model. The Spiral Model is an iterative process that emphasizes risk management and allows for continuous refinement of the design. It is particularly suitable for projects where requirements are not clearly defined from the beginning and where there is a need for frequent feedback and changes